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As we head into a new year, we are committed to making better choices. With the ongoing climate crisis, it is essential that governments, brands and people work together to make our planet safer and happier for generations to come.
What does this mean for fashion?
The State of Fashion 2022 report published by Business of Fashion and McKinsey & Company, explores the challenges posed by the pandemic and what needs to change going forward. The authors, Imran Amed, Anita Balchandani, Achim Berg, Saskia Hedrich, Jakob Ekeløf Jensen, Leila Le Merle, and Felix Rölkens, are researchers and consultants of fashion and apparel for businesses and governments.
Two years into the COVID-19 pandemic, consumer habits have changed and industries have been hit hard by lockdowns and economic recessions. Fashion brands need to recover sales and production, as well as meet sustainability and social responsibilities in the face of growing concerns about the environment. Socio-political inequalities have been further heightened by the pandemic: countries with strong economies and good healthcare systems have been able to recover from lockdowns much faster (and limit the spread through vaccine distributions) than those with weaker economies. The report notes that, in addition to these challenges, brands need to adapt to the changes in technology.
Here are the key issues raised in the report:
Meet your consumers in various digital spaces
The past two years have signalled a drastic shift in consumer habits, with many operations moving online and consumer lifestyles changing due to the pandemic. In particular, social media’s role in the fashion industry has prompted a wave of social commerce. With brand discovery and engagement increased through social media, a study suggests 74 percent of consumers are more influenced to shop via social media. By 2027, the report estimates that worldwide social commerce sales will reach over $600 billion. “Fashion brands will need to be agile to ensure they are meeting consumers in the digital spaces where they are spending time,” the report says. Brands need to adapt to the online shift with virtual try-ons and quicker checkouts.
Be prepared for revenge shopping
The reopening of stores have led to consumers ‘revenge shopping’. ‘Revenge shopping’ occurs after a period of frugal spending as a result of individual, or global, changes in economic situations. Once economic stresses ease, people splurge on items, often luxury. While the earlier months of the pandemic saw decreased spending on unnecessary items, this has been counteracted by revenge splurges by consumers in recent months. This surge, the report suggests, can rapidly restore sales to pre-pandemic levels and recover losses occurred during the past two years. However, supply chains have been stunted due to trade restrictions caused by the March Suez canal blockage, Brexit and the closing of borders. With the slowed flow of inventory, combined with the increased demand, supply chains are needing to produce more than they can.
The fashion industry needs to ready itself for future backlogs in trade and be flexible for change with nearshoring, reshoring or in-house shipping, the report notes.
Adjust to change in tastes and demand
Brands need to adjust to changes in demand. In 2020, sales in athleisure and loungewear spiked. Changes expected in 2022 range from occasion wear to colourful bright clothing as people return to their pre-pandemic lifestyles. Trend forecaster, Geraldine Wharry, says, “During times of crisis, people revert back to shiny fabrics, bright colours, clothing that can inspire happiness”. In addition, criticism of the fashion industry created a shift to mindful consumption leading to greater sales in investment pieces.
Urgently support women
Along with disruptions to trade, the pandemic has widened inequalities. With many people losing their jobs, particularly in manufacturing industries, working class people and women are more vulnerable to poverty. According to the International Labour Organisation, women’s employment decreased by 54 million in 2020 worldwide as many women left the work force to care for children. As women make up the majority of garment workers, fashion brands need to work harder to support women, both financially with better pay, and socially through child care systems.
Be transparent and pro-environment
With growing concerns for the environment, consumers and brands shifts towards circular, sustainable fashion. In order to meet global climate change goals, brands need to make rapid advancements in technologies for separating and recycling clothing waste. The greatest change, according to The State of Fashion 2022, needs to occur in the design production of clothing with regards to end-of-use. Brands need to invest in circular technologies and materials at the start of their production process.
They need to ensure the product can be repaired, reused or, as a very last resort, recycled.
Brands need to increase their transparency, especially as consumers become more conscious. The report notes that 43% gen-zers specifically support sustainable brands. Through the use of product passports, consumers can access – through a scannable barcode – information of the where and how the product was made.
The next year is a vital one for the fashion industry. Not only will brands recover from pandemic-related setbacks, but in 2022 they should shift fashion towards circular, sustainable ways of production.
Read the full report here.
Photographer | Carl Holman | @carlholmanstudio
Fashion Director | Ky Bxshxff | @kybxshxff
Stylist | Gregory Russill | @gregory_russill
Fashion Assistant | Fernando Denté | @ferdy_dente
Hair & Makeup | Teri Tomsett | @teritomsett
Female Model: @grandmasterhan @bossmodelsa
Male Model: @iamsellah @fanjam_management


text: Business between the Palestinian Authority and Israel is growing despite the political impasse as both sides seek to boost sales. “For the Israeli market, the Palestinian market is a very promising one because you are talking about two million people who are very good consumers,” Avi Nudelman, chief executive officer of the Israeli-Palestinian Chamber of Commerce, told The Media Line. “Many Palestinians like to buy Israeli products because of the quality, even if it is more expensive than the Turkish or the Egyptian products.”A recent conference hosted by the Faculty of Business and Management at Ben-Gurion University of the Negev brought together top Israeli and Palestinian trade experts to seek ways to enhance cross border business interactions. The conference culminated with a competition between Israeli and Palestinian business students to brainstorm on areas of business cooperation. “The competition was unique. The students were able to draft cooperation packages and exchange ideas,” Miki Malul of the university’s Department of Public Policy and Administration, who moderated the conference, told The Media Line. Panel members emphasized the importance of holding business meetings between both sides in order to strengthen the personal ties that are almost non-existent today. Nudelman said that both sides are interested in engaging in business relations, but haven’t been able to find the platform to facilitate interactions. “There are a lot of obstacles but there is a lot of awareness from both sides that there are business opportunities to make,” Nudelman said. “There is a lot of willingness to cooperate between Israeli and Palestinian markets.”Muhyeddin "Muhi" Sayed Ahmad, the public relations coordinator for the Hebron Chamber of Commerce and Industry, told the conference about a website he runs where Palestinian produce is offered for sale. The website allows Israeli businessmen and foreign business entities to make deals with manufacturers from the Palestinian Authority through the website’s network. Malul explained that there is a knowledge gap among Israelis regarding Palestinians - particularly with regards to its business sector. “These kinds of meetings contribute to narrowing these gaps and thus to promoting economic ties that will one day be a factor in making peace between both parties,” he said.Nudelman said future was also to be found in the field of software, where many Israeli and other foreign companies already outsource their software needs to Palestinian software companies. He said many Palestinians were interested in much broader cooperation with these companies. He added that the growth of an educated workforce in the PA might help expand this cooperation as more sophisticated tasks are transferred to Palestinian companies. “For the Palestinians, of course, the Israeli market is the biggest market they could dream about. The problem for the Palestinians is that this market sells them more than they buy from them,” Nudelman said. Two-way trade between Israel and the Palestinian-ruled areas reached $4.3 billion last year. But the trade is heavily tilted in Israel’s favor, with exports to the PA amounting to $3.5 billion while Palestinian exports were just $816 million. But with the Israeli economy growing quickly, Palestinians have been able to sell more: Last year, Israel increased Palestinian purchases by 18%, according to Israel’s Customs Directorate.Nader Tamimi, chair of the Association of Traditional Industries in the PA, gave some concrete examples of the trade ties that already exist. For example, today artisans in Hebron manufacture Judaica, such as Kiddush cups and Seder dishes, for Jews from Israel and the entire world. He added that, despite the current atmosphere, there are regular interactions between Palestinian and Israeli businessmen. Tamimi also shared his frustration that the younger generations on both sides are not familiar with one another. He suggested that the Israeli government allow tours for Israeli businessmen within the PA and for Palestinian businessmen within Israel in order to allow both sides to learn about the other, and to create a wider forum for joint business opportunities.Jihad Alubra, director of MATI Business Development Center for the Bedouin Settlements, said Arab Israelis in general, and Bedouins in particular, often act as mediators in business interactions between Israelis and Palestinians because of their ability to bridge gaps created by prevailing mistrust between the parties and because of their ability to travel relatively freely to the PA territories. Ahmad said ultimately the close proximity between the Israeli and Palestinian markets allowed the supply of finished products in a short amount of time. But he said easing restrictions on the passage of good from the PA into Israel was necessary. The Israeli-Palestinian Chamber of Commerce is mainly an organization whose aim is to represent the Israeli private sector and push sales in the Palestinian markets. Still, a growing prosperity among the Palestinians is beneficial to both sides, Nudelman said. “It is like a win-win situation for both sides. For us it is great if I can promote Palestinian business interest in Israel as well,” he said.

domain: news


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NovoPayment, an enabler of digital financial services for the Americas, announced on Tuesday it has expanded its strategic partnership with Visa in Latin America and the Caribbeans. Along with the partnership expansion, Visa has reportedly made a strategic investment in NovoPayment.
NovoPayment reported that over the last two years, it and Visa have made significant advancements in the digitization of payments across the region, including enabling apps with multi-functional capabilities for issuers, merchants and acquirers, to accelerating the deployment of Visa Direct, Visa’s real-time payments solution, and Visa Token Services for various use cases including payouts and peer-to-peer payments, as well as facilitating business-to-business money movements in markets like Mexico and Colombia.
Speaking about the partnership, Anabel Perez, co-founder and CEO of NovoPayment, stated:
“We’re delighted to see that our shared vision for success is being realized, by expanding our partnership with Visa in such a way. It’s a testament of our proven enablement model and commitment to collaboration.”
Ruben Salazar, Senior Vice President of Products and Innovation for Visa Latin America and the Caribbean, went on to add:
“Partnerships are fundamental to Visa’s business model and the expansion of our strategic partnership with NovoPayment is another example of how collaboration will ultimately help our clients deliver improved customers experiences faster and easier than ever. I am proud of all the work we have done over the years with NovoPayment and look forward to continuing to support our customers as they continue to adapt in this rapidly evolving payments landscape.”


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US: Opel Astra to be entry-level Saturn - report
General Motors Europe's Astra line is to get a boost as a rebadged entry-level Saturn, a trade newspaper reported on Monday.
Automotive News said GM would rebadge imported Astras to replace the current US-made Ion from the end of 2007, though they will be around $US3,500 more expensive than a base Ion with a starting price of around $16,000.
The report noted that GM sold 100,891 Ions last year, much lower than the 286,000 or so its S-series predecessor managed in its peak year, and added that the annual sales target for the Astra model will range only from 20,000 to 40,000 units.
The paper suggested the US-bound cars would be built in Antwerp, Belgium, and may even carry the Astra name to the US. The arrival of the Astra would fit GM's strategy of repositioning Saturn as a Europeanised and comes after GM vice chairman Robert Lutz said recently that nearly all future Saturn vehicles would be based Opel models.
General Motors' US operations have looked across the Atlantic for 'compact' cars since the 1950s when both Opel and Vauxhall models were imported from Germany and the UK.
The most recent deal involved re-badging Opel's Omega as a Cadillac Catera for the 1997-2001 model years but the model received a lukewarm reception from the specialist press and was not as successful as GM hoped.


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Starbucks and Nestlé Form Global Coffee Alliance to Elevate and Expand Consumer Packaged Goods and Foodservice Categories Around the World
Starbucks Corporation (NASDAQ: SBUX) today announced it will form a global coffee alliance with Nestlé S.A. to accelerate and grow the global reach of Starbucks brands in Consumer Packaged Goods (CPG) and Foodservice. With a shared commitment to ethical and sustainable sourcing of coffee, this alliance will transform, expand and elevate both the at-home and away-from-home coffee and related categories around the world.
As part of the alliance, Nestlé will obtain the rights to market, sell, and distribute Starbucks®, Seattle’s Best Coffee®, Starbucks Reserve®, Teavana™, Starbucks VIA® and Torrefazione Italia® packaged coffee and tea in all global at-home and away-from-home channels. Nestlé will pay Starbucks $7.15 billion in closing consideration, and Starbucks – with a focus on long-term shareholder value creation – will retain a significant stake as licensor and supplier of roast and ground and other products going forward. Additionally, the Starbucks brand portfolio will be represented on Nestlé’s single-serve capsule systems.
“This global coffee alliance will bring the Starbucks experience to the homes of millions more around the world through the reach and reputation of Nestlé,” said Kevin Johnson, president and chief executive officer, Starbucks. “This historic deal is part of our ongoing efforts to focus and evolve our business to meet changing consumer needs, and we are proud to work alongside a company that is committed to our shared values.”
“This transaction is a significant step for our coffee business, Nestlé’s largest high-growth category,” said Mark Schneider, CEO, Nestlé. “With Starbucks, Nescafé and Nespresso we bring together three iconic brands in the world of coffee. We are delighted to have Starbucks as our partner. Both companies have true passion for outstanding coffee and are proud to be recognized as global leaders for their responsible and sustainable coffee sourcing. This is a great day for coffee lovers around the world.”
This global alliance combines the strength and affinity of the Starbucks brand with the global reach of Nestlé and its iconic coffee brands, creating new growth opportunities in the established North American markets and unlocking expansion in international markets. In the United States, it also enhances Nestlé’s retail and Foodservice presence in coffee, complementing its position in instant coffee and super-premium single serve with Starbucks strong presence in K-cup® pods. As part of this perpetual global license agreement, Starbucks will lead in sourcing, roasting and Starbucks global brand management for the alliance, while the two companies will work closely together on innovation and go-to-market strategies to bring the best coffee to customers around the world.
The agreement is subject to customary regulatory approval and is expected to close this summer or early fall. The agreement excludes ready-to-drink coffee, tea and juice products.
Starbucks intends to use the after-tax proceeds from this up-front payment primarily to accelerate share buybacks and now expects to return approximately $20 billion in cash to shareholders in the form of share buybacks and dividends through fiscal year 2020. Additionally, the transaction is expected to be earnings per share (EPS) accretive by the end of fiscal year 2021 or sooner, with no change to the company’s currently stated long-term financial targets.
Starbucks will host a 30-minute investor conference call led by Kevin Johnson at 5 a.m. PDT on Monday, May 7, to provide further details. The conference call will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com. A replay of the webcast will be available on the company's website until end of day Wednesday, June 6, 2018.
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 28,000 stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com and www.news.starbucks.com.
Certain statements contained herein are "forward-looking” statements within the meaning of the applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as “anticipate,” “expect,” "believe," "could," "estimate," "feel," "forecast," "intend," "may," “plan," "potential," “project,” “should," “will," “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on information available to Starbucks as of the date hereof, and Starbucks actual results or performance could differ materially from those stated or implied, due to risks and uncertainties associated with its business. These risks and uncertainties include, but are not limited to, fluctuations in the U.S. and international economies and currencies, our ability to preserve, grow and leverage our brands, potential negative effects of incidents involving food or beverage-borne illnesses, tampering, adulteration, contamination or mislabeling, potential negative effects of material breaches of our information technology systems to the extent we experience a material breach, material failures of our information technology systems, costs associated with, and the successful execution of, the company’s initiatives and plans, the acceptance of the company’s products by our customers, the impact of competition, the failure of the parties to consummate the transactions due to commercial, regulatory or other reasons, as well as general economic and industry factors such as coffee, dairy and other raw materials pricing and availability, successful execution of internal performance and expansion plans, fluctuations in U.S. and other international economies and currencies, the impact of initiatives by competitors, the effect of legal proceedings, and other risks detailed in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended October 1, 2017. The Company assumes no obligation to update any of these forward-looking statements.
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Dubai to Organise Global Investment in Aviation Summit in January 202016.7.2019 07:00:00 CEST | Press release
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AppyParking Closes £7.6 Million Series A Funding16.7.2019 07:00:00 CEST | Press release
AppyParking, the kerbside management and mobility technology firm that is transforming parking for motorists and empowering local authorities and car park operators to better manage their assets, announced that the company has just closed a £7.6 million Series A round. The funding round includes new strategic investment from Hyundai Motor Company and Sumitomo Corporation. It was led by West Hill Capital, the London based venture capital firm, with participation from existing investors Aviva Ventures and Breed Reply. The investment brings AppyParking’s total funding since launch to over £11 million and will enable the company to accelerate product development, support domestic and international growth and continue to expand their talented team. Founded in 2013 with the launch of their award-winning smart parking app, AppyParking is on a mission to make parking forgettable and help prepare cities for the rise of autonomous vehicles. They were the first company in the world to focus on th
Our Toy Stories @ Harbour City16.7.2019 02:13:00 CEST | Press release
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HSEVEN Accelerate World-Class African Startups16.7.2019 01:00:00 CEST | Press release
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PayPal Expands its International Money Transfer Service Xoom to 32 Markets across Europe15.7.2019 23:01:00 CEST | Press release
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Ford of Britain chairman and managing director Andy Barratt told Car Dealer Live audiences ‘be prepared for there to be a bang and make the most of the opportunities to come, but don’t miss the opportunity to do the right thing’.
Barratt, who has been with Ford for nearly 25 years and in charge of the brand since 2015, spoke about the action they took in supporting their dealers from early March.
He also warned dealers who had not yet considered what they will need to do if furlough money doesn’t arrive before June to do the maths now and ‘contact your OEM today’ if a dealership can’t survive that.
Barratt runs the UK’s largest car brand – and currently has the largest car dealer network in the country.
He has said that Ford will not deliver any cars during lockdown and that customers will remember what dealerships do during this time.
To watch the live interview, click play on the video above. You can subscribe to our YouTube channel to get future notifications when we go live.
You can watch all of our Car Dealer Live interviews by clicking here.


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The world's first commercially available bionic hand has been named one of the top 50 inventions of 2008.
Touch Bionics, based in Livingston, was delighted to find out its i-LIMB Hand had made it onto the Time Magazine list.
Judges said: "It's multi-articulating, meaning each finger has its own motor.
"Artificial hands are often hook-like, limited to simple open and close gestures, but the i-LIMB has more subtle capabilities, like a credit-card grip for grasping narrow objects.
"It also has a power hold for larger things like coffee mugs.
"Research on the device began in the United Kingdom's national health system back in the 1960s. Now hundreds of people around the world are using it."
It placed 14 in the list with other inventions including the Large Hadron Collider, the world's fastest supercomputer Roadrunner, the Tesla Roadster electric sports car and Lunar Reconnaissance Orbiter space probe.
Stuart Mead, Touch Bionics CEO, was pleased to have the work of the company recognised.
He said: "We are delighted to have been identified by TIME as one of the inventions of the year, a real honour for any innovative company. To have been placed ahead of incredible stories like the Mars Rover, MIT's MDS robot and Berkeley's invisibility cloak is a tremendous achievement."
The i-LIMB Hand is a first-to-market prosthetic device with five individually powered digits. It is the culmination of more than 20 years of research and development and looks and acts like a real human hand. Since the launch in 2007 more than 400 patients worldwide have been fitted and Touch Bionics is rapidly expanding across the globe.
Recently it announced improvements including a lycra lining for easier and more comfortable wear plus thicker silicone at the fingertips for greater durability.
The company is continuing to develop technology for the treatment of patients with upper-limb deficiencies with prosthetic fingers, wrists and a full bionic arm on the agenda.
Retail DNA and genetic test 23andMe was named invention of the year in the poll. The American company allows users to test for more than 90 traits and conditions including baldness and blindness.


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Despite the likes of Japanese giants Toyota and Honda making their mark on the British car industry, this month celebrates the 40th anniversary of Mitsubishi Motors in the UK and all the innovation they have brought to the table.
A procession of classic Mitsubishis has already started to tour the country, spilling into a number of hospitality events and activities for all to see how far the company has come since its first series production car in 1917- The Model A.
It wasn’t until a few decades, however, that UK distribution was ensured in 1974 with the formation of the Colt Car Company. This joint operation between Mitsubishi Corporation and Colt Automotive Limited saw the first car of its kind being sold here in the form of the original and classic car ‘Lancer- A70 model’.
Road to Success
After establishing production, Mitsubishis started to enjoy the victories of international rallies and other competitions. Models such as the Galant, Lancer and early high-performance Starion led the assault on the World Rally Championship with four consecutive win by Makinen.
With rear wheel driving and 170bhp turbocharged engines, along with the mechanicals that would prove to be the technology of choice in the Lancer Evolution rally models, Mitsubishi were really creating racing car models as well as classic cars for the future.
One stand out product is definitely the 1990 GT3000, with not only a 3.0-litre twin-turbo V6 engine, but aerodynamics and electronically controlled suspension, making it a classic that enthusiasts can simply not ignore. Here’s to Mitsubishi and its continued success in the UK.
Cherished Vehicle Insurance Services can provide insurance quotes for all brands of classic cars, why not give them a call today ?
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Intel's plan to embed a unique security technology in the Pentium III processor has moved two privacy groups to call for a boycott of the chip giant. In response to the outcry, Intel says it will ship the product with the feature disabled, and leave it up to users to choose whether to use it.
Intel wavers in wake of boycott
Intel will ship its forthcoming Pentium III chips with a controversial security feature turned off by default. The decision is a response to a boycott of Intel called for by the Electronic Privacy Information Center and Junkbusters. But its not good enough, those groups say.
Trials set for Intel's embedded security
Civil-liberties advocates warn that the identification codes to be
embedded in the forthcoming Pentium III could pose a threat to
privacy. But Intel says there's not a problem.
Security technology based on good vibes
Shaking atoms will generate random numbers for the encryption to
be embedded in Intel's Pentium III. But be careful sending private
email to your space-alien friends: The technology won't work in outer
Intel exec envisions "the trusted PC"
Intel's plan for chip-based security won't replace software, but will
"build a foundation" for more secure computers, said Patrick
Gelsinger. Intel's latest plan: individual serial numbers on chips.
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Jay Bryson delivered a mixed bag of financial news and predictions Wednesday during the Wells Fargo economic forecast breakfast presented by the Greater Reading Chamber Alliance.
Bryson, managing director and chief economist at Wells Fargo’s corporate and investment bank, told those gathered in the Sovereign Performing Arts Center that he expects a recession in 2023, probably beginning in the second quarter.
The good news, he said, is that the economic setback should be nowhere near as severe as the recession that cripped the economy late in the first decade of the 2000s.
“Do we think a recession is coming? Yes,” he said. “Do we think it’s going to be a 2008-style recession? We don’t think so. I think it will be much more modest than that.”
Having made that prediction, however, Bryson, a Lancaster County native who now lives in Charlotte, North Carolina, left himself some wiggle room when asked if it’s possible that a recession could be avoided.
“It’s certainly possible, but I just don’t think it’s realistic to expect that,” Bryson answered.
The inflation rate is starting to decline, but still stands at about 8%, Bryson reported, with about half of that rate coming out of the services sector.
About 4% of the current inflation rate can be attributed to the services sector, 1% to core goods, and about 1.5% each to food and energy.
High inflation rates have eroded real disposable income, Bryson explained, resulting in Americans saving less and using their credit cards more.
“In short, people are not saving very much, and they’re running up their credit cards,” he said. “That is not sustainable.”
Bryson feels the country is about at peak inflation and the rate will drop, but it will not reach the targeted 2-3% range until 2024. That is due largely to high energy costs, he said.
The Federal Reserve will continue to raise interest rates, Bryson predicted, topping out at about 5% in the second quarter of 2023, where the rates will remain until sometime in 2024. The current Federal Reserve interest rate is 3.75% to 4%.
The tightening of interest rates is the Fed’s effort to avoid having inflation become entrenched as it did during the 1970s and early 80s. During that period, inflation started rising in the mid-1960s and continued to do so until it reached 14% in 1980.
In response, the Fed — led at that time by Paul Volcker — raised interest rates to 20% in 1980.
Interest rates will not get nearly that high, according to Bryson, but the Fed will continue to raise them in its efforts to keep inflation under control. Interest rates set by the Federal Reserve affect rates on mortgages, credit cards and other types of loans.
“What they learned from the 1970s is that you can’t let inflation get entrenched,” Bryson said. “The Feds would rather risk a mild recession now than to have that happen.”
Bryson said wage growth remains strong at about 5%. The downside of wage growth is higher prices, which sustain inflation.
The housing market is slowing and expected to be about 15% lower next year than it was in 2022. Manufacturing also is expected to slow, Bryson said.
Real gross domestic product, which reflects the value of all goods and services produced by an economy within a given year, is expected to drop by about 1.5% in 2023. Bryson compared that decrease with the Great Recession of 2007-2009, where GDP fell by 4%.
While certain geo-political events remain uncertain and, along with other factors could negatively affect the economy, the current economic situation appears to be stable, Bryson said, with fundamentals like interest rates, trade balance, inflation and others either stable or heading toward stability.
“The underlying fundamentals of the economy are pretty good right now,” he said.
Wells Fargo Economic Outlook Webcast Set for Thursday, Dec. 8
Top economists with Wells Fargo, including Bryson, will host a 2023 economic outlook webcast starting at 11 a.m. on Thursday, Dec. 8. The event is free and open to the public, but you must register at wellsfargo.com/economics. The webcast will last for about one hour.


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The Motorola Razr 2019 is powered by a Snapdragon 710 SoC, which is a pretty dated mid-range chipset. The phone packs a 2,510 mAh battery capacity and supports 15W fast charging. The Motorola Razr runs on Android 9 Pie with the Android 10 update expected soon. It is available in a single 6GB RAM and 128GB storage configuration. … [Read more...] about Motorola Razr 2019 sale on Flipkart on May 8 to offer Rs 10,000 cashback
Motorola razr 5g
Motorola just dropped its first budget 5G phone in India, in the form of the Moto G 5G. The handset debuts as the cheapest 5G phone in India, offering great value for its price. That being said, the Moto G 5G is not the only affordable 5G phone in India, with its closest competitor being the OnePlus Nord. … [Read more...] about Moto G 5G vs OnePlus Nord: How do India’s most affordable 5G phones compare?
The MediaTek 1000+ also uses 5G UltraSave to reduce power usage of the 5G modem. The chipset dynamically switches between low and high bandwidth modes depending on the requirement of the app, which, in turn, allows it to cut power by up to 32-percent. The MediaTek chipset also integrates a new HyperEngine 2.0 technology that improves gaming performance on smartphones. The engine is responsible for the whole chipset and scales the CPU and GPU frequencies manage RAM and ensure optimal performance. … [Read more...] about MediaTek announces Dimensity 1000+ 5G chipset with 144Hz display support
LG’s new 5G smartphone is a premium mid-ranger with a bold new design. The LG Velvet will be priced at 899,800 won (roughly Rs 55,900) when it goes on sale in South Korea on May 15. Reports suggest pre-orders will be open from May 8 until May 14. However, pricing and availability for India or for that matter any other global markets has not been revealed yet. … [Read more...] about LG Velvet launched with stylus, dual-screen support: All you need to know
The recent tariff assault initiated by the United States on Chinese imports, which sparked a prompt retaliation by China, has left global investors worried. For emerging markets, reeling under the impact of the strong dollar, rising US interest rates and an end to accommodative monetary policy globally, the news of trade wars between the titans was another nail in a coffin whose lid has taken quite a hammering. … [Read more...] about COMMENT-The US-China trade war has no winners, and markets will have to live with it


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With a 3% month-on-month rise in used car values in August and a staggering 31% year-on-year increase, according to vehicle auction company British Car Auctions (BCA), average prices in this sector of the economy are showing unprecedented growth.
According to the BCA figures, August 2009 set a new record for average used car values, which rose to GBP6,223 – a GBP195 increase over July’s figures.
Average used car prices have risen every month since last November. And year-on-year values are now GBP1,458 or 30.6% ahead of August 2008 – reflecting how far values fell last year and how significantly they have recovered in 2009.
“The fact of the matter is that the bounce-back by used cars from the economic downturn last year has been exceptional”, confirmed Tim Naylor from BCA.
“Although there is a relative shortage of cars, there is still plenty of demand and as a result, prices have rallied. Prices in the last few months have been completely unprecedented, going up by between 25 and 30% and even more depending on the car. Nearly every vehicle we offer through our auctions and online sales is being sold at the moment, from older, higher mileage examples to nearly-new prestige models.”
Naylor added: “With over 75% of homes having a used car as the main household vehicle, used car sales are a significant indicator. At the very least, it suggests there is plenty of confidence in this sector of the economy.”


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Biome the Vote: Choose Which Minecraft Biomes Get Updates, New Features
The choices are Swamp, Mountains, and Badland, and Mojang promises a variety of new features for all three biomes, including new mechanics and new models. Regardless of which biome wins, all will eventually get upgraded, since the Big Biome Vote is just to determine which one should gets the big makeover first
The poll opens on September 28 at 12 p.m. EDT, but between now and then, Mojang will release videos on Twitter showcasing what players should expect from each biome's update.
Minecon Live 2019 itself also begins September 28 and will be broadcast via Twitch, Mixer, YouTube, Facebook, and Minecraft.net.
This year's convention is hosted by four influencers and Minecraft experts, Masuo, Marielitai, Shubble, and Dangthatsalongname.
It'll include all of the usual fare: a 90-minute presentation of in-depth announcements about upcoming changes to the game and a series of panels hosted by Minecraft masters talking about what they do best, from modding to being a marketplace creator.
Then there's the Diablo-inspired Minecraft Dungeons, which hasn't gotten much attention since its initial announcement earlier in the year.
Whatever it is, we'll just have to wait and see. Be sure to tune in on GameSkinny to watch it all unfold.
Meanwhile, check out some of the highlights from last year's Minecon Earth, which kicked off the Life Aquatic update, here.


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Being named the worst company in America two years in a row was a wake-up call for the video game maker. Interviews with current and former executives, employees and partners show how EA changed the way it worked as it tries to redeem itself.
AT&T is in the process of eliminating service contracts and subsidies for its retail partners. But they will still be available at AT&T stores.
What's really making objects move in that viral craze involving pencils and summoning ghosts? It's not the demon you think it is, freaked-out teens.
Technically Incorrect: A Volvo accelerates toward people apparently watching a demonstration. The company says that its owner didn't have the pedestrian detection feature installed.
Technically Incorrect: If you want to watch porn on your virtual reality headset, go right ahead. At least that's what Oculus' founder appeared to say at a recent tech conference.
The best way to recruit more women into tech? Convince them when they're young that tech is cool.
Brains are less stimulated by food at night, a Brigham Young University study shows. And that, ironically, is exactly what leads to those midnight food cravings.
Following a backlash, Valve says anyone who paid for a "mod," or modification, to Skyrim over the last few weeks will receive a full refund.
Technically Incorrect: An Australian mom is stunned that her Facebook friends don't like her constant baby updates. How stunning.
Blades and fists bounce right off a homemade Batsuit built with Kevlar and foam to withstand the assault by supervillains.


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European Aluminium regrets the U.S. decision to impose a 10% tariff on aluminium products from Europe starting from 1 June 2018. The European aluminium industry rejects the assumption that its exports are a threat to U.S. national security and calls on the EU to launch a WTO trade dispute over the unjustified measures.
It’s time now for the 28 EU Member States to start delivering on reducing landfill of household waste to maximum 10% by 2035, measuring real recycling after the final sorting phase and promoting the use of materials which are reusable or multiple recyclable. Europe now has the framework to make the Circular Economy really work.
European Aluminium regrets the US decision to exempt the EU from the 10% tariffs on aluminium for only one month.
European Aluminium welcomes the EU's decision to implement prior surveillance of imports of certain aluminium products.
Today, European Aluminium launched its new I+ Manifesto during its public event New Industrial Policy: what role for strategic value chains? held in Brussels. I+ Manifesto’ is a voluntary online initiative to foster the debate about the EU’s role in industrial policies for the upcoming EU elections.
In our first Digital Activity Report, we take the user on an interactive journey of our association's 2017 highlights.
US, European, Canadian, Japanese, Mexican and Brazilian Aluminium Associations urge G20 leaders to address Chinese overcapacity through a Global Forum on Aluminium Overcapacity.
The cross-European drinks can recycling awareness programme Every Can Counts is inviting cycling fans to join in the ‘Recycle Race’ activity and make Every Can Count whilst cheering on elite cyclists from Trek-Drops team at the next major cycling race: the Amstel Gold Race on 13 April in Valkenburg, the Netherlands.
The US announcement to temporarily exempt Europe from the aluminium tariffs is a positive first step but insufficient to dissipate uncertainty and negative impacts in our industry. The leading trade association applauds EU Trade Commissioner Cecilia Malmström's efforts to reach a solid deal with the US.


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New York, New York, July 12, 2016 (Newswire.com) - World Business Management and Consultant, LLC, a company led by non-resident Nepalese, is organizing the Nepal Exhibition and International Trade Show. The event will run from September 30 through October 2, 2016 and will be held in New York City at Pier 92 located at 711 12th Avenue (52th Street & the West Side Highway). Nepal’s government agencies, social organizations, private industry council, and associations will be official project partners and supporters. More than 10,000 retail and prospective business customers are expected as the event.
The goal of the trade show is to facilitate a dialogue and promote business among all stakeholders from different areas of a market by creating a platform to showcase products and offerings from small and medium-sized enterprises from Nepal. New York City Mayor Bill de Blasio also recently sent a letter to the company in support of the event. The initiative strategically aligns with the Nepal Trade Preferences Bill, which was signed into law by President Obama. The bill grants duty-free tariff benefits for Nepali exports not currently eligible for benefits under the General System of Preferences and a trade capacity building program focused on helping Nepal implement the World Trade Organization’s Trade Facilitation Agreement. It grant duty-free tariff benefits for up to 66 types of items including certain carpets, headgear, shawls, scarves, and travel goods.
"We are proud to be strategically aligned with this U.S. initiative. Our goals are long-term and bilateral. We hope to build trade that is mutually beneficial to consumers in the U.S. and suppliers in Nepal and elsewhere. We encourage American trade importers, buyers and all those in the U.S. to visit the exhibit to learn more about the quality products coming from Nepal."
Buddhi Prasad Regmi, chairman of the World Business Management and Consultant, LLC
Available at the trade show will be Nepalese products including dairy products, handmade paper, spices, teas and coffees, fine arts, Gurkha knives, and items from hydropower and electricity industry, carpet industry, garment industry, tourism, hotel, pashmina products, handicraft goods, Himalayan Honey and more. For a full products list, visit the product gallery.
“We are proud to be strategically aligned with this U.S. initiative,” says Buddhi Prasad Regmi, chairman of the World Business Management and Consultant, LLC. “Our goals are long-term and bilateral. We hope to build trade that is mutually beneficial to consumers in the U.S. and suppliers in Nepal and elsewhere. We encourage American trade importers, buyers and all those in the U.S. to visit the exhibit to learn more about the quality products coming from Nepal.”
After a 10 year civil war, from 1996-2006, took an unprecedented toll on Nepal's economy due to unstable social and political climate, the country was faced with a devastating 7.8 earthquake that struck on April 25 and a second earthquake that struck on May 12. More than 8,000 died, close to 20,000 were injured and 500,000 people were displaced needing long-term shelter and reconstruction on their homes, schools and places of business. Those in the country, however, remain resilient and optimistic.
Nepali entrepreneurs and business people are starting new and expanding existing businesses. Opportunities for domestic employment have begun to bounce back. With new the Constitution of Nepal, which came into effect on Sept 20, 2015, in place and a stable political climate there are many opportunities for dynamic economic growth, creating a new suitable environment for investors, entrepreneurs and business partners alike.
World Business Management and Consultant LLC is associated with the Greater New York Chamber of Commerce, Queens Chamber of Commerce, Hudson County Chamber of Commerce and Manhattan Chamber of Commerce. Sponsors and partners for the event also include The Federation of Nepalese Chambers of Commerce and Industry, Nepal Tourism Board, FNCSI, Nepal Association of Travel and Tour Agents, Embassy of Nepal, Trekking Agencies' Association of Nepal, Nepal-USA Chamber of Commerce and Industry, Federation of Handicraft Associations of Nepal, Federation of Women Entrepreneurs Association Nepal, NCPA, Nepal Handmade Paper Association, Hotel Association Nepal, and Federation of Nepal Gold and Silver Dealer's Association.
Organizers of the trade show would like to request that the American people do as much as possible to support and attend this event. To learn more about the Nepal Exhibition and International Trade Show and the vendors who will be present, visit WBMConsultants.com.
About World Business Management and Consultant, LLC
World Business Management and Consultant LLC is a consulting firm that specializes and has broad expertise in event management, abroad travel and other related services. In 2015 alone, the company managed 33 cultural programs in 22 states throughout the United States. Operating as a benevolent social enterprise, in 2015 some proceeds from the company’s programs went to disaster relief in Nepal through celebrities and the prime minister disaster relief account. For more information, visit WBMConsultants.com.
Source: World Business Management and Consultant, LLC


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Malaysia: Business Strategy Toray Launches New Plant for Expanding ABS Production Capacity
Toray has established a new plant at its facilities at Prai Industrial Park, Penang in Malaysia. With this move, the company aims to boost the production and distribution capacities of its Toyolac Acrylonitrile Butadiene Styrene (ABS) resin transparent grade.
Tokyo/Japan – Toray Industries has boosted Toray Group’s worldwide production and distribution capacities of its Toyolac Acrylonitrile Butadiene Styrene (ABS) resin transparent grade, through its latest facilities set up at Prai Industrial Park, Penang, Malaysia.
The modern plant set up at its new facilities at Prai has boosted Toray Plastics’ (Malaysia) [TPM] ABS resin production and distribution capacities by 75,000 metric tons, to 425,000 metric tons annually.
Taking into account the ABS production output at the Chiba Plant in Japan, Toray Group is now capable of churning out some 497,000 metric tons of ABS to the worldwide markets annually.
The diverse Toyolac range produced by Toray includes transparent grades ABS, offering improved anti-static, scratch and chemical resistance properties. To boost sales in its key Chinese and Southeast Asian markets and in anticipation of the rising demands from Europe, the United States of America and India, Toray looks forward to increasing its worldwide production further, including the facilities at TPM.
Toray has made ‘expanding in growth areas globally’ a central strategy under Project AP-G2022, its medium-term management program. The company accordingly aims to capture rising demand for transparent ABS resin and enhance supply stability by reinforcing collaboration between the Chiba Plant and TPM.


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"Traveling without luggage has always been my dream,” says Jennifer Hyman, co-founder and chief executive officer, Rent the Runway. “We are thrilled to partner with W Hotels to bring the RTR Closet Concierge to life, so travelers can simply show up and have their dream closet waiting for them in their hotel room."
After booking a room, guests will be able to choose four styles to rent for $69 and have those items waiting for them in their hotel rooms. When they check out, guests can drop off the items at the hotel’s welcome desk.
"W is always looking for ways to give our guests new/next experiences that empower them to express themselves and upgrade their travel experience, and the RTR Closet Concierge does both," says Anthony Ingham, global brand leader, W Hotels. "Collaborating with Rent the Runway – such
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Amazon workers vote against unionizing second New York warehouse
Amazon.com Inc workers have voted against unionizing a second warehouse in New York City, a ballot count on Monday showed, representing a defeat for labor organizers who just weeks ago secured their first U.S. win at the retailing giant. About 62% of workers who voted at the company's sortation center in the borough of Staten Island, known as LDJ5, rejected joining the Amazon Labor
Amazon workers in NYC reject union in a reversal of fortune
Amazon warehouse workers overwhelmingly rejected a union bid on Monday, dealing a blow to organizers who last month pulled off the first successful U.S. organizing effort in the retail giant’s history.


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Microsoft's 'big gamble' with Windows 8 won't pay off in the enterprise, says Gartner
The new OS won't do much better than Vista in corporations
Computerworld - Microsoft is taking a "big gamble" with its new Windows 8, one that will see the operating system peak at just 20% to 25% of corporate PCs, Gartner analysts said today.
"Microsoft is taking a big gamble over the next few months with Windows and Office, the two products responsible for most of its revenue and profit," the research firm said in a statement Tuesday. "[But] it is a risk that Microsoft must take to stay relevant in a world where mobile devices with new modern experiences are becoming the norm."
Windows 8 is set to launch at retail Oct. 26, one month from today.
The reasons cited by analysts Michael Silver and Steve Kleynhans will be familiar to followers of Windows 8's development: The two disparate user interfaces (UIs) of the OS, its tablet- and touch-first philosophy, its possible rejection by IT administrators as too much like Windows 7 on one hand, too different on the other.
But one factor, in particular, was stressed today by Kleynhans in an hour-long webinar held for current and potential clients: The overpowering presence in enterprises of Windows XP, an 11-year-old operating system and the need to get off that aged software as an April 2014 retirement deadline looms.
"The key message is that you really do need to get off Windows XP," said Kleynhans during the online seminar. "If you haven't done anything so far, you are really, really late. And Windows 8 is only complicating issues."
Complicating, as in confusing some companies about whether they should forget about the well-tested Windows 7, an operating system ready to head into its fourth year, and instead skip it for Windows 8 as they leave XP behind.
Kleynhans said that was wrong thinking.
"[Windows 8] is a big step for any Windows user," said Kleynhans [emphasis in original]. "But it's probably a bigger step than most XP users want to take."
Kleynhans argued that corporations should continue to transition from XP to Windows 7, a move that about 60% of businesses polled in May said they would wrap up by the end of 2013 rather than add Windows 8 to the mix.
The need to move off Windows XP is pressing: Microsoft will retire that OS in April 2014, after which it will not serve those users with security updates.
"Operating systems don't mature the day they're released. They take at least a year to mature," said Kleynhans of Windows 8's release next month. "It's not an option to skip Windows 7 and go to Windows 8 if you still have Windows XP in your environment."
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- Infographic: Converged Infrastructure Benefits This Infographic quantifies the savings organizations are realizing from increased deployment speed, higher availability, and lower annual costs.
- CIOs Deliver Productivity Breakthroughs with Intelligent Digital Signage Retailers have long recognized the influence that digital signage provides over a shopper's point-of-purchase decision making process.
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Enhance Your Virtualization Infrastructure With IBM and Vmware
Date: Wednesday, May 14, 2014, 1:00 PM EDT
Virtualization technology is now expanding beyond the server compute elements to encompass networking and storage...
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10 September 2002 Storage tape specialist Quantum is to cut nearly one-third of its workforce in the company’s latest attempt to offset a slump in its hardware sales.
Quantum said it will cut 1,100 jobs from a total headcount of nearly 3,000 over the next two financial quarters. This means the company will incur a total restructuring charge of around $100 million (€102.4m).
Nearly 80% of these job losses are a result of Quantum’s decision to outsource the manufacturing of its P-Series automated tape libraries, devices that robotically shuffle back-up tape cartridges, to Jabil Circuit, a supplier of components for electronic devices, in early September 2002.
This follows on from Quantum’s implementation of several major strategy changes in 2002. In August 2002, Quantum appointed Rick Belluzzo, former president at software giant Microsoft, as its CEO, replacing former chief Michael Brown.
Belluzzo, known more for his management skills than his knowledge of storage, said the Jabil outsourcing decision followed “the most aggressive series of new product launches in the company’s history.”
During 2002, Quantum has diversified its range of storage products to address a sales slump in its core hardware business. Quantum derives the bulk of its revenues (80%) from its digital linear tape (DLT) drives and libraries. But for its latest financial quarter ending June 2002, the company reported revenues of $211.5 million (€216.6m), a sharp fall of 24% on sales of $279.3 million (€286m) in the same period a year ago.
Its product expansion has so far focused largely on network attached storage (NAS) devices, file sharing devices that plug into an Internet protocol network. In 2002, Quantum released a new family of Guardian mid-range NAS devices that will compete against suppliers such as EMC, Network Appliance and Dell. Previously, Quantum had only offered low-end NAS devices under the Snap brand.
However, Quantum is still heavily reliant on sales of its DLT products. This was reinforced when Quantum announced it will acquire Benchmark Storage Innovations, a privately held supplier of DTLtape technology, in the first week of September 2002.
Quantum, which already owned a 20% stake in Benchmark, said the acquisition would enable it to offer a broader range of tape drives and expand its customer base. Benchmark generated sales of $80 million (€81.9m) during the last 12 months.


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Paradox Interactive and Romero Games have announced a delay for Empire of Sin, which was scheduled to be released in Spring 2020.
The game has been pushed back to Fall 2020 for Nintendo Switch and all other platforms as more development time is needed.
Trailer and details:
Paradox Interactive and Romero Games today announced that their upcoming strategy title, Empire of Sin, will be moving from the Spring 2020 release window, into Fall 2020, releasing on PC, Mac, Switch, Xbox and PlayStation. Ebba Ljungerud, CEO of Paradox Interactive and Brenda Romero at Romero Games explain the change:
“We at Paradox Interactive, along with our partners at Romero Games, have an ambitious vision for Empire of Sin, and decided together that more development time is needed,” said Ebba Ljungerud, CEO at Paradox. “This will allow us to deliver the game that our community deserves and meets our standards.”
“The challenge in making a game like no one has made before is exactly that – making a game no one has made before. It takes time to get everything right and presents us with some unique opportunities. I am grateful we are taking the additional time to polish,” said Brenda Romero of Romero Games. “The support and enthusiasm our community has shown thus far for Empire of Sin is incredible. We hope that once you’re let loose in Chicago and see the world we’ve created, you’ll believe it was worth the wait!”
Empire of Sin puts you at the heart of Prohibition-era Chicago, showcasing the glitz and glamor of the roaring 20s through the lens of an organized crime syndicate. It’s up to you to pull the strings, manage your gang and dominate your neighborhood.


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Smith Electric has not yet officially commented, but sources verify the story is essentially correct.
The Echo understands that Washington-based Smith Electric Vehicles – part of the Tanfield Group – has signed a £1million-plus deal which will give it a foothold in the lucrative Far East market.
The company has signed deal with a Hong Kong distributor which will see 15 of its electric trucks used in the former colony and southern China.
A company spokesman refused to comment on the report, but Chris Pywell, head of strategic change with regional development agency One NorthEast, said: "I would like to congratulate Tanfield Group on securing this fantastic deal to distribute electric vehicles in China and Hong Kong.
Aggressive driving and air conditioning could cut range of plug-in hybrids and electric cars in half, says Argonne researcher. Pictured is electric version of smart being 'charged' in this publicity photo at Berlin's Brandenburg Gate.
Honda is focusing on affordable gasoline-electric hybrids and fuel cell technology. Pictured is actress/author Jamie Lee Curtis, the second USA customer to lease the FCX Clarity fuel cell sedan. Photo credit:Alex Berliner Berliner Studio/BEImages


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Just like other popular companies, Victoria’s Secret and Maybelline have filed for NFT as well as a metaverse-related trademark.
Mike Kondoudis, a trademark attorney disclosed via tweets today that Victoria’s Secret and Maybelline are filling for NFT/Metaverse-related trademarks.
It’s pertinent for businesses to protect their intellectual property, however, goes beyond just protecting your property, it should be protected by appropriately registered Intellectual Property Rights. Protecting the intellectual rights of a business should be a top priority for every business owner, hence the reason behind Victoria’s Secret and Maybelline’s announcement.
Intellectual Property Rights
The launch of new technology or innovation should be backed by the acquisition of Intellectual Property Rights. These new technologies or innovations should be protected as a “patent.” Take note however that new products evolving from a new invention will oftentimes be commercialized under a unique name, one that can be protected as a trademark.
In a bid to also protect its Intellectual Property Rights, American beauty retailer Victoria’s Secret and Maybelline have followed the same path as industry big names including Walmart, Nike, Adidas, etc to apply for NFT/Metaverse-related trademarks.
Victoria’s Secret’s PINK brand is coming to the Metaverse!New trademark applications filed on Feb. 8 indicate @VictoriasSecret plans to offer digital collectibles and media created with blockchain tech under its PINK brand#NFTs #metaverse #web3 — Mike Kondoudis (@KondoudisLaw) February 13, 2022
As stated in the four trademark applications submitted by Victoria’s Secret to the United State’s Patent and Trademark Office, they have the intentions to provide retail store services including “namely goods, virtual goods and undergarments, headgear, bags, footwear etc and the second offering being digital collectibles.
Following on the same track, Maybelline, a US-based subsidiary of Victoria’s Secret has also filed for NFT/Metaverse-related applications. Maybelline’s application noted that they will create and host online communities for metaverses, NFTs and digital assets.
MAYBELLINE mascara is coming to the Metaverse. A new application filed on the 9th says that @LOrealUSA has plans for a metaverse community and to sell digital and crypto-assets under its @Maybelline brand.#metaverse #web3 #NFts #nftcommunity — Mike Kondoudis (@KondoudisLaw) February 14, 2022
A majority of the companies that have already filed for NFT/related trademarks have upped their efforts to foster their businesses in the fast-growing industry. Just recently, McDonald’s also sent out several applications aimed at acquiring Metaverse-related “virtual restaurants” as well as virtual delivery of goods.


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With the time of high growing industries and companies only concentrated on their profit what will happen to our economy?
We can read the news that various companies and industries are firing up their employees. The Indian textile industry is going out of control, that is, it has been going in loss. An industry which has been giving employment to 10 crore people directly and indirectly and is facing heavy loss.
The Northern India Textile mills Association is facing such a crises that they have to slow down production and shut down some of their mills. The NIMTA showed their decline in export. The export of yarn fell by 34.6% to $696 million as compared to $1,063 million in the same period last year.
A leading food product company Parle products, the largest biscuit making company, is firing 10,000 of their workers because of slow economic growth. The company has to pay high taxes and offer fewer biscuits in each pack.
The lower income consumer in rural India which contributes more than half of the Parle’s revenue. Parle say consumers are very price sensitive and they are very conscious of how many biscuits they get in a particular price.
The year 2019, is the worst year for the auto industry India. Tata motors have shut their factory due to low sales of cars.
It has been reported that Maruti has fired their temporary employees. More than 2 lakhs employees have been fired by auto dealers in the last 180 days. It is been reported in July, that Maruti reported dropping of 36.3% sales and in the same hand TATA has also reported 38% of dropping in the sales.
Honda has the worst drop in the sale of automobiles and can be said the highest of them all that is 48% of dropping the sales. This means firing of employees in all the automobile companies because they are already running losses due to dropping of sales.
The government is talking about the increase in economy and on the other hand the people are on the verge of losing their jobs due to bad economic conditions.
If the people who are working in the company for a long time do not have job security then how can the new workforce get employment?
If the government is not able to maintain the economic they how will people get jobs.
Due to the dropping economic condition of India there has been a crises of money. People are not buying high priced luxury items (because of high GST) resulting in dropping of sales. This is causing the company losses in many ways and some have to stop their production of goods. Factories are not able to pay the workers. So they are fired and now the unemployed are also in a financial crisis.
Unemployment and money crisis appears to be the real face of the Indian economy for the ordinary working class citizen.
Ayush Kumar Dhan, SXC, 5th Sem, Patna


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IAAPA product showing signals strong start to 2018; Andamiro marks 25th anniversary
ORLANDO, FL--November 23, 2017 -- The International Association of Amusement Parks and Attractions announced a record-breaking show held last month at the Orange County Convention Center in Orlando, FL. Some 39,000 attractions industry professionals registered for 2017 edition of the IAAPA Attractions Expo, and 25,300 of them were reportedly buyers. At the 2017 expo, Andamiro USA Corp. dazzled visiting amusement operators with more than a half-dozen innovative new product offerings. Here's a post-show product briefing:
NFLPA Super Star Football Coins, authorized by the National Football League Players Association, is on test in several locations throughout the nation, and will be available for shipping next week -- in time for the playoffs! It employs the elements of a skill crane, coin pusher and novelty vender, and features 60 NFL player souvenir coins. It can operate as a merchandiser or ticket redemption game. Each game ships with 4,284 coins and, for a limited time, with 50 complimentary collector's albums.
SpongeBob Soccer Stars is on test and is shipping now. This new redemption game employs Andamiro's proven lever-powered ball-launching mechanism. Good aim is rewarded with tickets. What happens when you combine two world-renowned symbols? SpongeBob meets soccer in an amusement machine.
Tight Rope is testing in several markets and begins shipping on January 15. It brings the skill of riding a unicycle on a highwire to video-redemption. With its high-def graphics simulating views from various highwire adventures and its moving obstacles that increase the challenge, Tight Rope immerses gamers and tests their reaction skills.
Demand for Despicable Me Jelly Lab, SpongeBob Pineapple Arcade and Order Up, Paw Patrol and Baseball Pro remains strong, and Andamiro USA is boosting inventory to meet orders into the first quarter of 2018. The latest version of Andamiro's rhythm and dance game is also shipping: check out Pump It Up 2017 Prime.
Additional product information can be obtained by calling Andamiro USA Corp. at (310) 767-5800 or emailing us at email@example.com.
Andamiro also marked its 25th anniversary in 2017. During the IAAPA show, president and chief executive C.S. Lee thanked distributors and operators for their support. "We always had a long-term vision to create products that bring 'happiness to all,'" he said, "and we could not done that without you. As we begin a new chapter, Andamiro's promise to you is simple: to make the best games imaginable." Andamiro has new products in development that will be announced in 2018.
IAAPA SCENES: Andamiro chief executive C.S. Lee (c.) makes the first cut in company's 25th anniversary cake on IAAPA's opening day; the U.S. division's chief operating officer Min Lee and sales president Drew Maniscalco (r.) flank the CEO. In center photo, U.S. division president Satinder Bhutani (l.) meets with Timezone's Malcolm Steinberg, who had just announced the sale of half of the FEC chain. At right, Pump It Up pro Daniel Twilly signals his approval of Andamiro's 2017 Prime edition.
AND... At left, Nickelodeon's Freddy Tutiven (l.) and David Sztoser get a close-up look at SpongeBob Soccer Stars, which is Andamiro's fourth Nickelodeon product. Next, Drew Maniscalco describes Tight Rope to Betson executives. In right photo, a young showgoer organizers her NFLPA souvenir coins, which kept IAAPA visitors coming back to the Andamiro booth.


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Air Canada’s loyalty program, Aeroplan, has just announced a new partnership with Starbucks Canada that allows members to earn and redeem points at Starbucks locations across the country.
As of March 8, members can link their Aeroplan account to their Starbucks Rewards account and double-dip by earning both Aeroplan points and Starbucks Stars at eligible Starbucks locations throughout Canada. Linking takes less than a minute and can be done at aircanada.com/starbucks.
"We redesigned Aeroplan with the feedback and ideas of over 36,000 people. Consistently across this group, members told us that they wanted more opportunities to earn and redeem points in their everyday lives at their favourite brands. We're proud to launch this first-of-its-kind partnership with Starbucks, a globally respected brand offering the best-in-class experience for all its customers," said Mark Nasr, Senior Vice President, Products, Marketing and eCommerce, Air Canada. "New everyday partnerships with well-loved, frequently used brands are another reason to get excited about the reimagined Aeroplan."
"By bringing together two of the country's most celebrated rewards programs, Starbucks Rewards and Aeroplan, we're excited to open up a new world of benefits for customers and invite more Canadians to try the Starbucks experience," says Peter Furnish, vice president, Product and Marketing, Starbucks Canada. "Through the Starbucks app, we continue to build meaningful ways to deepen our direct relationships with our customers digitally."
In November of 2020 Air Canada launched a revamped Aeroplan program that included enticing new benefits like no blackout dates, no gas surcharges and the ability for family members to pool points. At the time, Air Canada had promised there were new, exciting partnerships on the horizon and clearly Starbucks is one of them.
The press releases states that “This new Starbucks partnership is another example of Aeroplan's commitment to rewarding and recognizing all travelers—both frequent and occasional. In addition to launching this new partnership with Starbucks and other everyday marquee brands yet to be announced, Aeroplan will be introducing a series of "Aeroplan Ahead" offers throughout 2021. These time-limited offers will give members special earning opportunities on the ground and at home, setting them up for future travel, whenever they're ready to get back in the skies.”
Earning points at Starbucks is easy. You just need to head to aircanada.com/starbucks to link your Aeroplan account with your Starbucks Rewards account. You’ll earn the following amount of Aeroplan points for the following Starbucks Rewards activities:
- Earn 75 Aeroplan points each time you load or reload $50 up to $74.99 to your Starbucks Card.
- Earn 150 Aeroplan points each time you load or reload $75 or more to your Starbucks Card.
- Earn a one-time bonus of 400 Aeroplan points when you create a new Starbucks Rewards account, link it to your Aeroplan account and make your first purchase using the Starbucks app within one month of creating the Starbucks Rewards account.
To celebrate the launch, Aeroplan is also offering these limited time bonus Starbucks Rewards activities:
- Until June 6, 2021, earn 25 Aeroplan points when you make four or more qualifying transactions in a week.
- Earn 50 Aeroplan points every time you redeem at least 150 Stars two times or more in one calendar month until May 31, 2021.
- In addition, linked members can purchase Starbucks Cards for a discounted number of points. Redeem as little as 1,000 Aeroplan points for a $10 Starbucks Card at the Aeroplan eStore.


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Mozilla has begun offering developers free smartphones in exchange for them coding HTML5 apps for its forthcoming Firefox OS platform.
In an official blog post, Mozilla introduced the program, which carries the less than catchy title Phones for Apps for Firefox OS, under which developers can nominate an app they’d like to develop for the platform.
Winning entries get a free Geeksphone Keon developer phone, limited to one smartphone per successful submission.
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“Wherever you are, if you can show you’ve got a great app idea and the skill to build it, we’d love to see your apps in the Marketplace when the Firefox OS launch begins later this summer. And to sweeten the deal, we’ll send a Firefox OS Developer Preview device for you to work with now,” Mozilla spokesperson Havi Hoffman states.
“When Firefox OS phones become available to consumers in select locales this summer, you’ll have an opportunity that only comes around once—a first-mover advantage in Firefox Marketplace.
“End users in Latin America, Eastern Europe and other launch locations will be on the lookout for playful and practical apps to install: games, tools, and utilities as well as locally relevant news, sports, travel, entertainment, review apps, and social sharing experiences. And you can build and submit them now!”
As SmartCompany recently reported, ZTE and Alcatel showed off the first consumer phones based on the Firefox OS platform, dubbed the ZTE Open and the Alacatel One Touch Fire, at the 2013 Mobile World Congress in Barcelona, while Optus, Telstra, LG, Huawei and Sony have all announced support for the low-cost smartphone platform.
The platform uses a mobile version of the Firefox web browser as a platform for running platform-independent web apps coded in HTML5, which have the same access to a smartphone’s underlying capabilities in the Firefox OS as native apps have under iOS and Android.
The aim is to have apps written in web standard languages (including HTML5, CSS, and Java) and therefore be able to work on any device that supports Firefox.


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As many already anticipated, anti-cannabis Governor Holcomb of Indiana made a recent announcement stating that he will NOT consider medical marijuana, decriminalization, or any type of regulatory infrastructure until cannabis is federally legal; but that he’s ‘open’ to allowing regulated sales once prohibition ends. During a year-end interview with Indy Politics conducted earlier this week, Holcomb was asked what he thought about lawmakers starting the process of setting up some type of licensing and retail structure so when cannabis does become legal, Indiana will be ready to launch its own program. “I don’t mind that at all,” the governor replied. It’s much different than what other “legal” states have been doing thus far, and the approach is not without benefits. Instead of rushing headfirst into legalization with no regulatory framework in place, then scrambling to deal with issues at the last minute as they come up, Indiana can look at other states for guidance to creating their own plan with as little room for error as possible. Although Holcomb is on board with getting a game plan in place for the future, he made sure to emphasize that cannabis legalization is not a top priority for him and that no circumstances will sway him to act on this matter before the federal government does.
Alexandra Hicks, CBD Testers, 12/12/2021 19:00:00


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Fujitsu Ltd., Japan’s biggest provider of computer services, is seeking buyers for its semiconductor business as part of a restructuring effort, people familiar with the matter said.
The maker of the K supercomputer hired UBS AG as financial adviser on the sale process, said the people, who declined to be identified because the decision isn’t public. The business may be worth as much as 200 billion yen ($2.6 billion), according to Yoshihisa Toyosaki, a Tokyo-based analyst with Architect Grand Design, a Japanese electronics research and consulting company.
Fujitsu has been hurt by slumping demand for semiconductors used in flat-panel TVs and is restructuring businesses after competition with Samsung Electronics Co. and Apple Inc. pushed Japanese consumer electronics makers Sony Corp., Sharp Corp. and Panasonic Corp., into losses.
“Fujitsu is trying to find buyers or partners for its semiconductor division to focus on its core business of system solutions,” said Yuichi Ishida, a Tokyo-based analyst at Mizuho Investors Securities Co. “However, as the semiconductor business has turned into a mature industry, it may be a bit difficult to find buyers.”
Masahiro Yamane, a spokesman for Tokyo-based Fujitsu, said no decision has been made and declined to elaborate further. UBS representatives didn’t return calls and e-mails seeking comment.
Fujitsu fell 0.3 percent to 303 yen in Tokyo trading, extending its decline this year to 24 percent. The Nikkei 225 Stock Average dropped 0.5 percent.
As many as 2,492 acquisitions of semiconductor assets, with a combined value of $203 billion, have been announced since 2000, according to data compiled by Bloomberg. The average deal size was $114 million with an average premium of 28 percent offered by buyers, the data show.
“Fujitsu semiconductor has world-class technology and assets for consumer electronics,” Toyosaki said. “Taking everything, including patents, into consideration, the division is worth 200 billion yen at least.”
Fujitsu reported a first-quarter loss in July that was bigger than analysts predicted as a worsening economy in Europe and a slowdown in the U.S. eroded sales in its solutions business.
The net loss of 23.8 billion yen for the three months ended June 30 exceeded the average 12.4 billion-yen loss projected by five analysts surveyed by Bloomberg. The company’s operating loss, or revenue minus the cost of goods sold and administrative expenses, totaled 25 billion yen, and sales fell 2.9 percent to 957.4 billion yen.


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The company which owns hairdressing chains Supercuts and Regis has gone into administration less than a year after bosses attempted to persuade landlords to give the company heavy rent cuts.
The businesses have around 1,200 employees across 223 salons and it is thought that the sites will continue to trade while a potential buyer is sought.
Restructuring partners Rob Harding and Matt Cowlishaw at Deloitte have been appointed as administrators to salon owners Regis UK Limited and its holding company International Beauty Limited.
Deloitte said Regis UK will continue trading while options are being explored and no redundancies or store closures are being announced at this stage.
Supercuts has been struggling for the last few years and went through an insolvency process known as a Company Voluntary Arrangement (CVA) in 2018.
It meant the company could cut its rents in an attempt to stay afloat.
The CVA process has been widely used by several high street names in recent years, including Arcadia, New Look, Mothercare and Carpetright.
But it has faced criticism from some landlords who claim it is being used as a way to cut rents, instead of only being used to prevent a firm from collapsing.
Rob Harding, Deloitte joint administrator, said: "The retail trading environment in the UK remains extremely challenging and Regis UK Limited had been seeking to address this through a restructuring of its business.
"Unfortunately, these trading challenges coupled with the uncertainty caused by the legal challenge to the CVA have necessitated the need for an administration appointment. This, in order to provide protection for the business whilst restructuring and sale options, are fully considered and explored."
Regis said at the time that a "perfect storm" of factors, including falling customer numbers and higher wages, had hurt the business.
The CVA saw rent cuts of up to 100% at more than 100 of Regis's 223 stores and concessions.
Regis could not immediately be reached for comment.


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Flocked Sulley Pop Vinyl Released For Amazon Prime Day
To tie in with the announcement of Amazon’s upcoming “Prime Day”, a Flocked Pop Vinyl variant of Sulley from Monsters Inc, has been released, exclusive to Prime members. Prime Day will be taking place on July 16th.
If this Pop Vinyl is showing as sold out, be sure to check Amazon back often as more are expected to be made available.
This Pop Vinyl was originally going to be a Toys R Us exclusive, before the company closed.
You can order this Flocked Sulley Pop Vinyl now from Amazon


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The online gaming market has been ever-evolving and ever-growing. It is presently undergoing a never seen before revolution. According to a recent report by Deloitte India, our country is one of the top five mobile gaming markets across the globe. The coronavirus outbreak along with the pandemic-induced social distancing norms has significantly pushed the growth of the market in India. The study by All India Gaming Federation highlights this very trend and states that in the year 2020, India recorded 365 million online gamers during the lockdown and that there was a 21 per cent increase in the online gaming community. It also points out that the real money gaming segment is a prominent market of the Indian online gaming industry and is presently experiencing a growth of 40 per cent. Thus, it can be rightly put that the sector has been growing exponentially and will boom in the times to come.
The emergence of the real money gaming era
While the online gaming market is constantly developing, a noteworthy trend that has been witnessed is that the business model of the gaming platforms has also undergone huge transitions. They are now gradually moving away from the volume and ad-based models to the ones that focus on diversified revenue streams built on user engagement and upscaled gaming experiences. This is where real money gaming receives a special mention as it treads on this very path!
The new-age business strategy seems to have been working in favor for this market as it has been flourishing significantly over the period of time. The sole reason for this is the shift in the user preference from video games to real money gaming. As per a report by the All India Gaming Federation, the Indian online gaming market is no longer associated with the entertainment factor. Rather users now spend time playing online to earn money and develop life skills. Surveying more than 2400 Indian gamers, the report stated that 24per cent of the players consider online gaming to earn money. A whopping 70 per cent of the gamers further claim that they play games and earn money through their smartphones!
Real money games: The players’ go-to gaming destination
Aiming to leverage the potential of the growing market, various gaming platforms are now adopting the real gaming path. How amazing is it that gamers can play their favorite games and earn real money in a safe and secure space! Some platforms also offer unified wallets where users can deposit a considerable amount of money and earn real cash by playing the games of their choice. Earlier, usually, real gaming platforms offered long gaming formats. However, over the period of time, various players have resorted to the shorter formats to capitalise with their offering of the shortest game-formats with popular titles like Mini-Ludo where users can play a whole game of Ludo for real money within three minutes which would usually takes 15-20 minutes to complete one game.
The key to earning real money is choosing the right gaming platform. These platforms require you to spend a considerable amount of money so that you can potentially earn money. With this, players get a chance at winning big with minimal efforts of playing their beloved games if their luck and hard work is in their favor!
The future of the Indian real money gaming market
As per Research and Markets report, the Indian real money gaming market is projected to grow to $3.8 billion by the end of 2024. The growing digital revolution, increasing smartphone penetration, low cost of data along with robust digital payment infrastructure allowing gamers access to instant real-time bank transactions are contributing to the growth of the market. As per a joint report by EY-All India Gaming Federation, online real money game players are expected to grow from 80 million in 2020 to 150 million by 2023.
These statistics depict that the Indian real money market is projected to grow at a significant pace in the times to come. Needless to say, players will be increasingly drawn to the real money gaming platforms primarily due to the monetary benefits that they offer.
Online gaming is no more a leisure activity in India. It has now turned into an immersive, engaging, and interactive experience. The real money gaming segment has indeed taken the online gaming experience a notch higher. Platforms are providing players a plethora of opportunities in esports, casual and cards verticals to the players to earn real money. Due to this very reason, the sector has been gaining prominence and will witness a significant growth in the number of players in the times to come!
(This article has been contributed by GMNG product head Aakash Taneja and AnimationXpress does not necessarily subscribe to these views)


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03 November 2017
A London-based startup firm says it has condensed the power of cloud based visual search technology to the size of a book.
Developed in partnership with the University of Oxford, it’s claimed the Pholio device can safely store or enable access to a user’s photos and videos in one place, and allows an “incredible” level of search.
The company says that thanks to mobiles, more content is being created than ever before. According to estimates, it says a 1.2 trillion photographs will be taken this year, double the number taken four years ago.
But Pholio CEO Simon Randall warns that for every upload to the cloud or sub-folder created on a computer, users could well be adding hundreds of files over time.
“The chances are that many of these images and videos will sit for years collecting digital dust”, he says. “[But now], searching for special memories and discovering those you thought were lost, is now easier than ever before.”
According to its developers, the software inside the Pholio device automatically checks all images in the user’s collections against 20,000 in-built search terms, such as ‘birthday’ or ‘Christmas’ or ‘house renovation’. By keying a relevant search term into a browser on a connected TV screen, tablet, phone or laptop at home, its says users can quickly search for all sorts of images in their collections.
The software was ‘trained’ in the lab by being shown millions of pictures with a wide range of content. Pholio claims a custom set of deep learning algorithms has learnt how to create a unique summary of the contents of images so that the software can recognise and classify faces, objects and scenes that it has never seen before.
The company adds that Pholio has been trained to recognise 20,000 search terms which can be used fully offline. When the device is connected to the internet, owners can search for anything, with Pholio learning new search terms on the fly.
Randall says: “With the growing volume of data coming from imaging and connected devices in the home there is a critical need for local processing and control. [Pholio] will save cloud streaming costs, increase response speeds, and provide choices that don't require handing over control of your data.”
The basic Pholio device can manage collections of up to 140,000 images and is available from £199 for early orders.